Posted by admin on May 19th, 2022
Vicat (OTCMKTS:SDCVF – Get Rating) had its price objective reduced by Barclays from €40.00 ($41.67) to €35.00 ($36.46) in a research report released on Wednesday morning, The Fly reports.
A number of other equities analysts also recently weighed in on the stock. HSBC downgraded shares of Vicat from a buy rating to a hold rating in a research note on Monday, March 28th. Citigroup lowered their price objective on Vicat to €43.00 ($44.79) and set a buy rating for the company in a research note on Monday, May 9th.
Shares of Vicat stock opened at $33.51 on Wednesday. The business has a fifty day simple moving average of $36.82 and a two-hundred day simple moving average of $38.61. Vicat has a 12 month low of $33.13 and a 12 month high of $50.58.
Vicat SA produces and sells cement, ready-mixed concrete, and aggregates. The company operates in three segments: Cement, Concrete & Aggregates, and Other Products & Services. It offers various cement products, including Portland cement, Portland composite cement, blast furnace cement, slag cement, and Pozzolan cement for the general contractors, such as concrete mixers; manufacturers of precast concrete products; construction and public works contractors; local authorities; residential property developers or master masons; and construction material wholesalers or retail chains.
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